San Antonio Hispanic Chamber of Commerce Announces the Need for A $1 Billion Local Area Government Relief and Stimulus for Small Businesses
Organization in support of the Revitalize SA Plan – Economic Relief & Assistance City Council Request (CCR) authored by City of San Antonio Councilwoman Adriana Rocha Garcia
SAN ANTONIO (March 23, 2020) – Today, the San Antonio Hispanic Chamber of Commerce (SAHCC) announced its support for the Revitalize SA Plan – Economic Relief & Assistance City Council Request (CCR) authored by City of San Antonio Councilwoman Adriana Rocha Garcia. The San Antonio Hispanic Chamber recommends a $1 billion local economic relief and stimulus package funded by the City of San Antonio, Bexar County, and other regional municipalities to combat the economic crisis caused by COVID-19 for small businesses across the city with at least $200 million going directly to small business initiatives. The San Antonio Hispanic Chamber recently conducted a COVID-19 Business Survey for members, and 80% of members anticipate potentially needing some sort of financial assistance. We believe this is a good first step in helping our community during this time of need.
“A bold and transformative local aid package is needed to leverage the Federal and State relief stimulus packages to support Councilwoman Adriana Rocha Garcia’s Revitalize SA Plan – Economic Relief and Assistance CCR to provide much needed relief to our small businesses,” said Dr. Erika Gonzalez, Chairwoman for the San Antonio Hispanic Chamber of Commerce. “Small businesses are the economic engine of San Antonio, 54,000 small businesses and their employees could adversely be affected, they need our support to survive this pandemic today.”
Councilwoman Adriana Rocha Garcia’s Revitalize SA Plan – Economic Relief & Assistance CCR would provide employee retention grants to small business owners with less than 5 employees, including non-profits. The same COVID-19 Business Survey for members indicates the majority of owners lie between the 5 to 25 employees range. Employee retention for the slightly larger small businesses is key and are in support of an expansion of the “employee retention” grants to companies with less than 25 employees. Many small businesses have only enough resources and cash on hand to survive at least 45 days, sometimes less and some small business owners may be reluctant to take on debt when their businesses are on the edge of solvency. In a few weeks, small businesses will have to pay their bills, our urgent efforts are focused on mitigating these trials on behalf of small businesses.
“With an unpredictable future, we strongly feel that the City of San Antonio’s priority should be focused on the backbone of our economy—small businesses, where local dollars will support our local economy,” said Debra Guerrero, Vice President of Development for NRP Group, former City of San Antonio District 3 Councilwoman and SAHCC Government Affairs Committee Chair. “The City has a history of funding initiatives when it deems a priority, to provide incentives for investments in our infrastructure and economy, which have made a huge positive impact to stimulate economic development. We now ask that the same consideration be made to sustain local small businesses during this unprecedented crisis.”
Additional federal stimulus packages currently being considered in Congress include further increases to available funding for small businesses. Loans made available could be used for payroll support, including paid sick, medical, or family leave, and costs related to the continuation of group health care benefits; employee salaries; mortgage payments and rent; utilities; and other debts. Through local, state, and federal efforts, the San Antonio small business community will continue to be prosperous for the future growth of our city.
The Hispanic Chamber will continue to survey its members with the COVID-19 Business Survey to better provide access to resources to meet their business challenges. The Hispanic Chamber also has a dedicated COVID-19 Small Business webpage with resources and information for the San Antonio small business community.
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San Antonio Hispanic Chamber of Commerce
Founded in 1929, America’s first Hispanic Chamber and San Antonio’s only Five-Star accredited organization by the U.S. Chamber of Commerce, the San Antonio Hispanic Chamber of Commerce continues to be the leader in business assistance, connecting its members to needed resources, providing procurement, marketing and networking opportunities, advocating for legislation affecting small businesses and corporations in the San Antonio metropolitan area, and better training to develop the skills of our local workforce. The San Antonio Hispanic